M&A Deal Summary

Fiserv Acquires Pineapple Payments

On March 25, 2021, Fiserv acquired information technology company Pineapple Payments from Providence Equity Partners

Acquisition Highlights
  • This is Fiserv’s 9th transaction in the Information Technology sector.
  • This is Fiserv’s 35th transaction in the United States.
  • This is Fiserv’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2021-03-25
Target Pineapple Payments
Sector Information Technology
Buyer(s) Fiserv
Sellers(s) Providence Equity Partners
Deal Type Add-on Acquisition

Target

Pineapple Payments

Pittsburgh, Pennsylvania, United States
Pineapple Payments is a payment processing technology company that provides omni-channel payment acceptance tools for merchants of all shapes and sizes, from startups to large scale enterprises. Pineapple Payments brings versatile payment enablement technology and payment concierge services to merchants of all sizes in an ever-changing payment processing landscape. Pineapple Payments was founded in 2016 and is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

Fiserv

Brookfield, Wisconsin, United States
Category Company
Founded 1984
Sector Information Technology
Employees42,000
Revenue 19.1B USD (2023)
DESCRIPTION
Fiserv's corporate headquarters in Brookfield, Wisconsin.
Fiserv's corporate headquarters in Brookfield, Wisconsin.

Fiserv is a provider of information management and electronic commerce systems for the financial services industry, providing integrated technology and services that create value and results for clients. Clients include banks, credit unions and thrifts, billers, mortgage lenders and leasing companies, brokerage, and investment firms. Fiserv was founded in 1984 and is based in Brookfield, Wisconsin.

DEAL STATS #
Overall 39 of 42
Sector (Information Technology) 9 of 10
Type (Add-on Acquisition) 33 of 36
State (Pennsylvania) 2 of 2
Country (United States) 35 of 37
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 Ondot Systems

San Jose, California, United States

Ondot Systems, Inc. provides more than 4,500 banks and credit unions with a digital card services platform to drive cardholder engagement. From community issuers to top global banks, Ondot enables financial institutions to offer in-the-moment convenience, control, and transparency for credit and debit cards, leading to higher usage, lower cost, and reduced fraud. Ondot Systems was founded in 2011 and is based in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-18 BentoBox

New York, New York, United States

BentoBox provides a robust platform that includes website design, online ordering, and marketing tools, all built with the goal of driving growth and engagement for restaurants and their diners. BentoBox was founded in 2013 and is based in New York City.

Buy -

Seller(S) 1

SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.

DEAL STATS #
Overall 89 of 100
Sector (Information Technology) 8 of 8
Type (Add-on Acquisition) 39 of 40
State (Pennsylvania) 4 of 5
Country (United States) 60 of 68
Year (2021) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-10 CARET

San Diego, California, United States

CARET is a vertical SaaS provider for compliance-focused professional services markets. Our purpose-built cloud infrastructure puts customers’ business data and vital applications into a virtual workspace that is accessible anywhere, anytime and from any device, enabling small and midsize legal and accounting firms to grow an efficient, secure, client-focused practice. CARET was founded in 1983 and is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-07 Therapy Brands

Birmingham, Alabama, United States

Therapy Brands is a provider of fully-integrated practice management software and EHR solutions for mental and behavioral health providers. Therapy Brand's mission is to provide the best software and tools to manage your practice. Therapy Brands is based in Birmingham, Alabama.

Sell -
Mergr

Product

Company

Legal